Funding you earn now, next payment 08:00 UTC+0.0177%/8h= +19.4% APRpaid last 24h −0.037%
Price spread now: BloFin against Binance−0.089%7-day average −0.060% · you buy dearer than you sell
Net, funding: paid 7d − costs−$30as in the Funding arb table
Net, price: spread back to 7d avg − costs−$40as in the Price arb table
costs, in and out, $10k−$370.372% of the position
Funding, last 7 days+0.072%+$7 on $10k
+Price spread, last 4 days (all we have)−0.076%−$8 · spread now −0.089%, 7d avg −0.060%
=Funding pays, the price is against you. BloFin is 0.028% cheaper against Binance than usual: you would sell low and buy high (spread −0.089% now, against its 7-day average of −0.060%). If the spread goes back, that is −$3 on $10k: about 13 hours of funding at the current rate (+$5 a day). At the pace of the last 7 days (+0.072% in total) that is about 2.8 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance NATGASUSDT | 3.0067 | 0.0431 | pay 0.0215% / 4h | 37m 20s | $10.4M | $28.4M | 100x |
| Short | BloFin NG-USDT | 3.0040 | 0.0608 | get 0.0608% / 8h | 37m 20s | $82K | $198K | 20x |
Binance NATGASUSDT
BloFin NG-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Binance. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $37.21
- Price spread: −0.089% → −0.060%
- −$2.84
- Slippage, 4 orders
- −$15.21
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$2.85
- Costs to cover
- 0.372%
- Break-even
- 7.5 days
Slippage from Binance: live order book, 4 min ago; BloFin: live order book, 33 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Binance live order book, 4 min ago | 1.66 bp | 6.7 bp −$7 | 9.8 bp −$98 | 35.9 bp −$3,591 | 132.4 bp −$66.2K |
| Sell BloFin live order book, 33 min ago | 3.32 bp | 9.3 bp −$9 | 15.2 bp −$152 | doesn't fit | doesn't fit |
NATGAS on 27 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff NATGAS-PERP | −0.0032% | 1h | 3.0069 | +0.008% | $35K | — | 20x | as long as short |
| gTrade (Gains Network) NATGAS/USD | L 0.0000% / S 0.0000% | 1h | 2.8426 | −5.457% | — | — | — | as long as short |
| SunX NATGAS-USDT | 0.0000% | 4h | 3.0082 | +0.051% | $2K | $2.4M | 20x | as long as short |
| QFEX NATGAS-USD | +0.0004% | 1h | 3.0060 | −0.022% | $660K | $96K | 20x | as long as short |
| HTX NATGAS-USDT | +0.0005% | 4h | 3.0074 | +0.025% | $117K | $216K | 75x | as long as short |
| Lighter NATGAS | +0.0032% | 1h | 3.0066 | −0.002% | $631K | $494K | 10x | as long as short |
| Extended XNG-USD | +0.0032% | 1h | 3.0061 | −0.019% | $111K | $271K | 5x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 3.0060 | −0.022% | — | $14K | 10x | as long as short |
| tradeXYZ xyz:NATGAS | +0.0050% | 1h | 3.0068 | +0.005% | $6.0M | $5.2M | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 3.0009 | −0.192% | $82K | $26K | 10x | as long as short |
Hotstuff NATGAS-PERP
gTrade (Gains Network) NATGAS/USD
SunX NATGAS-USDT
QFEX NATGAS-USD
HTX NATGAS-USDT
Lighter NATGAS
Extended XNG-USD
Vest NG-PERP
tradeXYZ xyz:NATGAS
Ondo Perps NATGAS-USD.PShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paradex NG-USD-PERP | +0.0052% | 8h | 3.0077 | +0.033% | $5K | — | 5x | as long as short |
| GRVT NATGAS_USDT_Perp | +0.0084% | 4h | 3.0039 | −0.090% | $15K | $222K | 25x | as long as short |
| Pacifica NATGAS | +0.0100% | 1h | 3.0050 | −0.055% | $69K | $32K | 10x | as long as short |
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 3.0000 | −0.222% | $37K | $216K | 50x | as long as short |
| Orderly PERP_NATGAS_USDC_mythos | +0.0100% | 8h | 3.0000 | −0.222% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDT | +0.0100% | 4h | 3.0070 | +0.011% | $1.5M | $91K | 10x | as long as short |
| KuCoin NATGASUSDTM | +0.0178% | 4h | 3.0040 | −0.089% | $1.0M | $888K | 20x | as long as short |
| Aster NATGASUSDT | +0.0197% | 4h | 3.0059 | −0.025% | $265K | $65K | 50x | as long as short |
| Variational Omni NATGAS | +0.0413% | 4h | 3.0029 | −0.125% | $318K | $390K | — | as long as short |
| Binance NATGASUSDTlong | +0.0431% | 4h | 3.0067 | long leg | $10.4M | $28.4M | 100x | |
| edgeX NATGASUSDC | +0.0443% | 4h | 3.0029 | −0.124% | $85K | $212K | 20x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0581% / S −0.0594% | 1h | 3.0065 | −0.005% | $88K | — | 45x | as long as short |
| Gate NG_USDT | +0.0581% | 8h | 3.0090 | +0.078% | $1.5M | $195K | 100x | as long as short |
| BloFin NG-USDTshort | +0.0608% | 8h | 3.0040 | −0.089% | $82K | $198K | 20x | |
| OKX NG-USDT-SWAP | +0.0628% | 8h | 3.0050 | −0.055% | $856K | $1.8M | 50x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.0861% | 1h | 3.0082 | +0.050% | $56K | $36K | 20x | as long as short |
| Bitget NATGASUSDT | +0.0878% | 4h | 3.0040 | −0.089% | $9.9M | $3.0M | 100x | as long as short |
Paradex NG-USD-PERP
GRVT NATGAS_USDT_Perp
Pacifica NATGAS
ApeX Omni NATGASUSDT
Orderly PERP_NATGAS_USDC_mythos
Phemex NGUSDT
KuCoin NATGASUSDTM
Aster NATGASUSDT
Variational Omni NATGAS
edgeX NATGASUSDC
GMX NATGAS/USD [ETH-USDC]
Gate NG_USDT
OKX NG-USDT-SWAP
Kraken Futures PF_NATGASUSD
Bitget NATGASUSDT